KUALA LUMPUR: The ringgit traded lower against the US dollar at the opening today on lack of catalyst for the local note amid uncertainty over the US-China trade deal, a dealer said.
At 9 am, the ringgit was quoted at 4.1590/1620 against the greenback from Tuesday’s close of 4.1560/1590.
Axi Trader Asia-Pacific market strategist Stephen Innes said the ringgit would be trading with a weaker bias tracking the Chinese yuan over the trade deal uncertainty coupled with the Hong Kong bill that was passed by the US Senate.
"The Chinese yuan's sentiment has taken another turn for the worse, and the bill passed might open a whole new can of worms as US President Donald Trump might have to defer to his party wishes and sign the bill into law, which will trigger some form of retaliation from Beijing.
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